Chrome File Edit View History Bookmarks Profiles Tab Window Help G Q Wed Feb 21 11:53 PM In Assignment # 5 (Part A) (page x ChatGPT x + G 9% ilearn.keyano.ca/mod/quiz/attempt.php?attempt=993701&cmid=987011&scrollpos=0 G New Chrome available : N Netflix Mail - Jenna McKe... Tin Keyano College iL... ATE Welcome to ATB O.. McGraw Hill Conn... M My Bookshelf All Bookmarks Home Dashboard My courses Keyano Self-Service KeyanoMail Technical Support Contact Us Resources v Question 1 Tries Suppose that an economy begins in equilibrium. Assume that the economy follows the remaining: 2 assumptions of the classical model. Points out of 12.50 Due to the decrease in aggregate demand, the immediate effect is that the price level Flag decreases and the real GDP decreases question Now that the macroeconomy is in a disequilibrium, what happens in labour market? Unemployment increases causing wages to remains constant As the wage rate remains constant the law of demand causes the quantity demanded of labour to decrease , while the law of supply increases * the number of workers seeking jobs. You have correctly selected 2. ? Try again 2 FEB O 21 W Q NEW